Canadian banks rush ahead with #mobile #payments, leaving consumers behind – http://t.co/CcsVHKYdwe #bank #canada
— Stanley Epstein (@StanleyEpstein) July 22, 2015
Month: July 2015
mint.ca: Bugs Bunny $20 Coin for $20
We suggest you just hold onto your $20-dollar-bill, but this may interest some of you. This Bugs Bunny coin is now available to the public.
The Precarious Dollar
TODAY'S BLOG POST: Not good: It won’t take a lot to push the dollar into the 76-cent range. Or to see oil belo… http://t.co/P5dQ5USOtf
— Garth Turner (@garthturner) July 16, 2015
Recession or not?
Unconventional Ways to Save Money (TEDx Talk)
Federal Government Considering an Increase to the Mortgage Minimum Down Payment
Nothing has been confirmed or put forward, but several sources have stated that Ottawa has been evaluating their options both for the minimum payment and also additional rules for expensive housing (aka Toronto and Vancouver).
Bank of Canada Cuts Interest Rate and the Dollar Plunges
The Canadian dollar has dropped to a six-year low at barely above 77 cents US on account of the prime lending rate cut tp 0.5%.
But not all is gloomy, as predictions suggest the real GDP will grow by 1% in 2015 and by about 2.5% in 2016 and 2017. If the predictions hold true things should be back to normal by 2017, but we don’t have great faith in predictions.
Is Canada in a Recession?
Rob Carrick Ranks the Best and Worst Online Brokers in Canada
Rob Carrick, a personal finance columnist for The Globe and Mail, is one of our favourite Canadian commentators on all things financial.
His post about online brokers in Canada goes into significant detail about the various brokers along with meaningful ratings. We recommend checking out his rankings before choosing an online broker.
Qtrade is number one on his list and remains our favourite as well.